The Bidding For The 2022 Olympics Is A Disaster

[psycopk]

Milos Bicanski/Getty ImagesThe 2004 Olympic baseball stadium in Athens is now a white elephant.

Oslo has pulled out of the running for the 2022 Winter Olympics after the Norwegian government advised against hosting.

That leaves Beijing and Almaty, Kazakhstan, as the only remaining cities involved in the bidding process.

Researchers have known for years that hosting large sporting events like the Olympics always costs more than expected and always yields less revenue and useful long-term infrastructure than estimated. Now voters and politicians in countries with democratically elected governments are starting to realize the same thing.

Potential host cities began dropping out of the bidding process for the 2022 Winter Olympics like crazy early in 2014.

Deadspin's Barry Petchesky had a breakdown of the cities that scrapped their campaigns to host the event back in May.

Krakow, Munich, and Davos/St. Moritz all withdrew their bids after the public voted against hosting. Stockholm withdrew after the city's government said revenues would most likely "be lower and costs higher" than estimated. Over the summer, the bid by Lviv, Ukraine, collapsed in the face of widespread unrest in the country. Now Oslo is out, too.

Alexander Belenkiy/MacosSochi's mountain cluster looked like a ghost town just six months later.

Bidding on the Olympics has been justified for years by one big economic lie: investing in hosting Olympic Games will lead to long-term economic growth.

It doesn't.

In a 2006 paper, "Mega-events: The effect of the world's biggest sporting events on local, regional, and national economics," Holy Cross economics professor Victor Matheson took this idea to task:

Public expenditures on sports infrastructure and event operations necessarily entail reductions in other government services, an expansion of government borrowing, or an increase in taxation, all of which produce a drag on the local economy. At best public expenditures on sports-related construction or operation have zero net impact on the economy as the employment benefits of the project are matched by employment losses associated with higher taxes or spending cuts elsewhere in the system.

Matheson also argues that Olympic economic impact reports often ignore the significant costs for things like security and conflate "general infrastructure" with "sports infrastructure."

The things you need to stage a two-week bobsleigh event are different from the things you need for daily life.

The most obvious representation of this is "white elephants" — costly Olympic stadiums that now sit empty. From Sarajevo to Athens to (some fear) Sochi, former host cities are full of examples of buildings that served a specific purpose for two weeks during the Olympics and then immediately fell out of use.

Countries, at least democracies, are no longer buying the economic benefit argument. As a result, we could be headed into an era in which only non-democratic governments will want to host the Olympics.

After dropping out of the bidding, Stockholm's ruling party issued a statement saying it had no use for Olympic infrastructure:

Arranging a Winter Olympics would mean a big investment in new sports facilities, for example for the bobsleigh and luge.

There isn't any need for that type of that kind of facility after an Olympics.

"A big project like this, which is so expensive, requires broad popular support and there isn't enough support for it," Norway Prime Minister Erna Solberg said on Wednesday.

The final two bidders for the 2022 Olympics are Almaty, Kazakhstan — whose first and only president, Nursultan Nazarbayev, won 95% of the vote in the most recent election, which was roundly criticized by international monitors — and Beijing.

The International Olympic Committee will vote for a 2022 host city on July 31.

 

[vikuba]

down fall of sports events..

to be honest...all this hosting thing is creating more loss than profit..

building stadiums for temp purpose and not maintaining them costs a lot.

this especially happens if there is no existing infrastructure and facilities...which is the common thing wit exisitng biddin countries

[Hitman]

Do they really have to built cities.. understand the stadiums.. may be soon they start hosting in cities with existing infrastructure..

[Spartan]

nenu aroju discussion lo cheppa ba gurtunda...

 

when news came that Andhra will be hosting the 2017 national games ani..

 

center chuskuntadi..adi idi annaru aroju.....

 

but this is sad and true reality of hosting the games....

 

Calling @Maverick or @maverickpuli....read this man...

[Spartan]

Do they really have to built cities.. understand the stadiums.. may be soon they start hosting in cities with existing infrastructure..

 

anduke Australia lo unna rul follow avval..

 

what ever the event might be it happens in the same 4-5 cities and same stadiums...

 

no need to upgrade everytime you host..

 

Sydney and melbourne stadiums lo ne...Rugby worldcup aadtar, Cricket world cup aadtar, Olypics kuda vatillone jargutunnai..

 

thats the idea these host nations need to follow....

 

 

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for developing nations like India and Brazil...this is completely stay away projects....until 2025...

[sattipandu]

for developing nations like India and Brazil...this is completely stay away projects....until 2025...

asal 2050 varaku oddu 

[TOM_BHAYYA]

anduke Australia lo unna rul follow avval..

what ever the event might be it happens in the same 4-5 cities and same stadiums...

no need to upgrade everytime you host..

Sydney and melbourne stadiums lo ne...Rugby worldcup aadtar, Cricket world cup aadtar, Olypics kuda vatillone jargutunnai..

thats the idea these host nations need to follow....


=======================

for developing nations like India and Brazil...this is completely stay away projects....until 2025...

TG nyc aina karimnagar is ready to host Olympics ..!!

Dhora cheppindu

[Piscop]

nenu aroju discussion lo cheppa ba gurtunda...

 

when news came that Andhra will be hosting the 2017 national games ani..

 

center chuskuntadi..adi idi annaru aroju.....

 

but this is sad and true reality of hosting the games....

 

Calling @Maverick or @maverickpuli....read this man...

 

CBN is different.. he has credibility . keep calm and believe in CBN photoshop

[timmy]

:3D_Smiles_38:  :3D_Smiles_38:

[Spartan]

CBN is different.. he has credibility . keep calm and believe in CBN photoshop

 

Budget sankanakipoddi.....

[Piscop]

Budget sankanakipoddi.....

 

just believe cbn man 

[TOM_BHAYYA]

Budget sankanakipoddi.....

Farmers ki tablets ichhinodu
Sports ki stadiums kattiyaleda

Neelanti antis ki aa s jagan meedhunna nammakam lo sagam ma babu meedha undadhu
Paina cheppinattu keep calm n believe in iPad air

[micxas]

CBN is different.. he has credibility . keep calm and believe in CBN photoshop

:3D_Smiles:

[Maximus]

[tom bhayya]

CBN is different.. he has credibility . keep calm and believe in CBN photoshop

 

 

just believe cbn man